First Trender Flashing a Warning Since December Fiscal Shock
We have our first warning from our longer term trenders that the internals are starting to show some tiredness. The McClellan Summation Index made a red day. That only knocks this trender into bullish-neutral on a one day reading, a second red day will put it into full neutral.
The Zweig index itself still sits above 50 which is quite strong:
Our 40 DPI is giving us an early warning:
New Highs / New Lows remain very strong still :
And for our trenders, here is the red nosed green snake we were talking about on the McClellan Summation Index.
The New High new Lows, however, remain faithful to Taurus.
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